Egyptian Developers has successfully implemented a robust construction strategy for the Jaya East project in Shorouk City, achieving a notable 90% completion rate ahead of schedule, Invest-Gate reports.

The company has also recorded strong sales for the project and is now preparing to launch a new venture in the same area.

Abdel Rahman Abu Zeid, Chairman of Egyptian Developers, stated that, in addition to the significant progress of the Jaya East mall, the company is gearing up to introduce its latest development in Shorouk. This forthcoming project is poised to be transformative, offering a distinctive concept that is expected to captivate clients and make a significant impression on the local real estate market. It aims to redefine the property development landscape in Shorouk City, setting a new standard for innovation and value in the area.

Abu Zeid added that Jaya East, launched in February 2023, has already generated revenues of EGP 400 mn. Situated in one of the most prominent areas of Shorouk City, the project is located directly on the city’s main axis, Gamal Abdel Nasser Road, opposite the Sakan Misr compound. It is just 3 minutes from the Sodic East compound, 2 minutes from Geneva Road, 3 minutes from the high-speed electric train station, and 5 minutes from Suez Road.

He emphasized that Jaya East is not merely a building, but a fully integrated commercial project featuring Egypt’s first entertainment license and offering cutting-edge, innovative commercial spaces. The company has already sold 80% of the project and, due to strong demand, has launched the second phase under the name Jaya Mark, maintaining the same high-level amenities.

Abu Zeid revealed that the company achieved EGP 350 mn in sales from Bloom Mall, launched in July 2023. This project set new standards for developing distinguished real estate projects with the highest quality benchmarks.

Additionally, the company launched Jaya Mark Mall El Shorouk in May 2024, generating EGP 450 mn in revenue, further highlighting its strong impact in the real estate development sector.